C&W Signs New Tenant at Franklin Plaza in Roanoke

Atlantic Credit and Finance will relocate its offices into 54,000 square feet of space on the first two floors of the building. The move will create more than 115 jobs, and follows the company's operations expansion strategy.

Franklin Plaza, Roanoke, Va.
Franklin Plaza, Roanoke, Va.

Time Equities Inc. has signed a 54,000-square-foot office lease at Franklin Plaza in downtown Roanoke, Va. The tenant, Encore Capital Group-owned Atlantic Credit and Finance (ACF), will occupy space on the five-story building’s two floors.

ACF will move its offices from 3353 Orange Ave. NE, and plans to invest more than $4 million to expand its operations. The company, which is one of the city’s major employer’s, is expected to create more than 115 new jobs once the relocation is complete.  

Plenty of parking

The modernist 136,455-square-foot asset is located at 111 Franklin Road SE. It features large floor plates, a recently renovated lobby, new entrance, card key access and on-site security, in addition to on-site parking and two adjacent parking lots.

Franklin Plaza sits close to Elmwood Park, restaurants, retailers, banks, as well as the historic Roanoke City Market and Market Building, Center in the Square and multiple residential communities. The building is home to a mix of financial and legal tenants such as the Disability Determination Services, Scott & Stringfellow and Union Bank.  

Cushman & Wakefield | Thalhimer’s Barry Ward and Price Gutshall brokered the lease transaction. The same team arranged the sale of the property last July.

We are excited to have such a great tenant at Franklin Plaza that will bring over 350 employees to downtown Roanoke,” Gutshall said in a prepared statement.

Image courtesy of Cushman & Wakefield